Top Altcoins To Buy December 28: QNT, CAKE, BSV

The cryptocurrency market has continued to hit new levels since the beginning of 2023 and most recently in the fourth quarter. This bullish outlook can be attributed to the mounting optimism around the beckoning approval of spot Bitcoin exchange-traded funds (ETFs).

Timeline of Bitcoin-sv, Pancakeswap, Quant

Amidst PancakeSwap's proposal to burn 300 million CAKE and reduce the total supply from 750 million to 450 million CAKE, on-chain data indicates that a whale has been moving a significant amount of CAKE, the decentralized exchange's governance token. Whale Is Moving Tokens As Key PancakeSwap Voting Event Proceeds According to a report from Scopescan, a blockchain analytics platform, a whale has moved approximately 1.7 million CAKE worth $1.3 million in the past week from Binance, Gate.io, and Bitget to a series of crypto addresses.

In a remarkable rally, Bitcoin SV (BSV), a notable hard fork of Bitcoin Cash (BCH), has experienced a dramatic surge, reaching a new 20-month high. Over the past 24 hours, BSV's value has skyrocketed by more than 66%, with prices hovering around $90 during the early London session on Thursday.

The crypto prices today have noted robust gains, with most of the major cryptos experiencing significant surges, suggesting growing investors' confidence. Meanwhile, several market watchers also see this positive momentum as a start of the Santa Claus rally.

Popular decentralized exchange PancakeSwap has recently announced the burn of over 9 million of its native $CAKE tokens in a move that destroyed over $19 million worth of tokens, in a move that helps to reduce their circulating supply.

Lunanauts, a validator for LUNC, shared plans for a new collaboration to boost support for the LUNC cryptocurrency. This announcement gained attention in the crypto market, especially as it coincided with a decline in the token's price.

With a sideways trend growing in the over the past few days, the CAKE price trend shows a lack of bullish momentum to continue the prevailing trend. However, the losing the moment to catchup on the market-wide recovery trend, PancakeSwap delasy the bullish break.

Bouncing back with the marketwide recovery as Bitcoin crosses the $43K mark, the altcoins are gaining momentum. Banking on the newfound momentum, the CAKE price trend returns to form the trend continuation pattern. With a sharp overnight jump, Pancakeswap is approaching the overhead resistance of $2.74, teasing a breakout rally.

Concluding the bearish under the 50D EMA influence, the CAKE price sets a high-speed bull sprint after testing the psychological mark of $1. Breaking above the 50D EMA, the altcoin breaks multiple resistance levels and exceeds the 200D EMA. Crossing the $2 mark, the PancakeSwap price reaches the $2.

This week, BSV Blockchain revealed the findings from its inaugural Blockchain Barometer, a worldwide report that seeks to establish an official record of the public's perception and level of understanding of blockchain and other emerging technologies like AI and the metaverse.

In a recent mysterious post, PancakeSwap caught the attention of the crypto community by highlighting the date of November 22 in a message on its social media. In this enigmatic post, PancakeSwap left the phrase: “Do you see what I see? 22.11.23.